BOKF NA bought a new stake in shares of AlTi Global, Inc. (NASDAQ:ALTI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 595,894 shares of the basic materials company's stock, valued at approximately $2,407,000. BOKF NA owned approximately 0.43% of AlTi Global at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP acquired a new stake in shares of AlTi Global during the fourth quarter worth $118,000. Bank of America Corp DE lifted its position in AlTi Global by 50.2% during the 4th quarter. Bank of America Corp DE now owns 40,500 shares of the basic materials company's stock worth $179,000 after acquiring an additional 13,542 shares during the period. BNP Paribas Financial Markets purchased a new stake in AlTi Global during the 4th quarter valued at about $25,000. Northern Trust Corp increased its holdings in shares of AlTi Global by 2.5% in the fourth quarter. Northern Trust Corp now owns 336,209 shares of the basic materials company's stock valued at $1,483,000 after purchasing an additional 8,113 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in shares of AlTi Global in the fourth quarter worth about $44,000. 3.57% of the stock is currently owned by hedge funds and other institutional investors.
AlTi Global Stock Performance
NASDAQ ALTI traded up $0.16 during trading hours on Friday, reaching $3.45. The stock had a trading volume of 151,839 shares, compared to its average volume of 142,947. AlTi Global, Inc. has a 52-week low of $2.33 and a 52-week high of $5.45. The stock has a fifty day moving average of $3.12 and a 200 day moving average of $3.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05. The stock has a market cap of $490.72 million, a P/E ratio of -1.97 and a beta of 0.75.
AlTi Global (NASDAQ:ALTI - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The basic materials company reported ($0.63) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.65). AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%. The business had revenue of $53.33 million during the quarter, compared to analysts' expectations of $74.60 million. During the same period last year, the company earned ($0.88) earnings per share. Sell-side analysts predict that AlTi Global, Inc. will post -0.14 earnings per share for the current year.
AlTi Global Profile
(
Free Report)
AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.
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